Running head: CRACKER BARREL
Audit of the Fiscal Year
Cracker Barrel’s fiscal year usually ends on the Friday which nears every July 31 of every
year which in this case was July 28, 2017 (Annual Reports | Cracker Barrel Old Country Store,
In that particular year, external auditors from Independent Registered Accounting Firm did an
audit of the entire firm's accounts, and according to their report matters, finance of the Company
was unprofessional or unqualified. This, therefore, means they were never satisfied by the work of
the Company's internal controller of their investment and budgets. Their last field workday was on
November 17 in 2017, whereby the stakeholders received the annual presentation of the
Company's performance (Annual Reports | Cracker Barrel Old Country Store, Inc., 2020).
Cracker Barrel's par value of the common stock stands at $0.01 per share.
As of September 14, 2018, there were 24.01M shares of common stock outstanding.
Their most massive tool used for marketing is billboards (Annual Reports | Cracker Barrel Old
Country Store, Inc., 2020).
They expected the rate of the sufficient tax to be tentatively about 17% in 2019, which would have
assumed the renewal of the work opportunity tax credit.
They use the retrospective or cumulative effect transition method of inventory valuation. They
may also use the discounted flow model.
A Cracker Barrel customer may check their gift cards in three ways, which include; visiting
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